Top 150+ Solved Macro Economics 1 MCQ Questions Answer
Q. Which of the following is not correct:
a. mpc declines as income increases
b. mpc is positive but less than one
c. mps is always positive
d. all the above
Q. According to Keynes, saving is:
a. private virtue but not social virtue
b. private and social virtue
c. is neither private virtue nor social virtue
d. is either social virtue or private virtue
Q. MEC isinversely related to:
a. prospective yield
b. supply price
c. investment
d. rate of interest
Q. Keynes considered subjective and objective factors:
a. important determinants of consumption
b. unimportant determinants of consumption
c. determinants of investment
d. determinants of business’s willingness to pay
Q. The sum of marginal propensity to consume plus marginal propensity to save mustequal to:
a. 0
b. 1
c. 100
d. 1000
Q. The MEC increases when:
a. capitalstock increases
b. capitalstock decreases
c. capital remains constant
d. none of the above